CONNECTED MINERALS LIMITED — Capital/Financing Update 2009

Aug 26, 2009

ACCLAIM EXPLORATION N.L.

ABN 99 009 076 233

27 August 2009

Companies Announcements Office ASX Limited 20 Bridge Street Sydney NSW 2000

Update - Acquisition of Royalty Stream

Acclaim Exploration NL (“ AEX ”) advises that due diligence on the royalty stream acquisition announced on 30 July 2009 is continuing.

As previously announced, AEX has entered into a Binding Term Sheet with Arturus Capital Limited (“ AKW ”), to acquire the right title and interest to a 12% (15% of 80%) royalty stream over shallow gas projects located in Jackson County, Texas, USA. AKW holds the right title and interest to 80% of all income in relation to the projects.

Under the terms of the binding term sheet AEX has paid the sum of US$100,000, however, no further sums will be paid pursuant to the agreement until completion of due diligence to the satisfaction of AEX.

Yours faithfully

N J Bassett Company Secretary

Suite B 150 Hay St Subiaco Western Australia 6008 Telephone: + 61 8 9388 8436 Facsimile: + 61 8 9388 8450